Course Solutions Uncategorized (Answered) : Rule 72 Says Time Years Required Double Value Lump Sum Investment Allowed Compound Approxi Q28129178

(Answered) : Rule 72 Says Time Years Required Double Value Lump Sum Investment Allowed Compound Approxi Q28129178

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Rule of 72 says that the time (years) required to double the value of a lump-sum investment that is allowed to compound is approximately 72 /annual interest rate (as a %) a. What is the approximate time required for 200 TL to b. What is the exact time for 200 TL to become 400 TL when c. If you are using an approximate formula for doubling the become 800 TL when the yearly interest rate is 20%? the yearly interest rate is 20%? value calculations in the form of # (number)! such as 720 what would be the best number (instead of 72) to use with 20% interest rate?

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